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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (21167)	11/1/2002 4:51:50 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

USdollar slowly breaking down, a continuing story based as much upon fact and chart as hope and expectation stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G today we have the buck under the October 1st low it closed today at 106.1, with low of 105.8 Oct 1st support was 106.5 Bollinger Band was broken today, with lower band at 106.5 I do not present this info as UTTER BREAKDOWN but rather as ongoing slowmotion erosion breakdown relative strength is weakening badly now in stochastic oversold territory, which could remain with us next support is early Sept low of 105.4 we saw three knocks at the upper resistance levels near 109 and three failures, often a precursor of bigger decline of the last 10 days, only two updays, 5 straight downers 20MA is just about ready to crossover 50MA red dotted crossing blue solid such a crossover hasnt happened since early August but that was a favorable cross a bear cross would be ominous, given the chart I regard this as a bear pause pennant slowly breaking down I think this BITCH has caught her bad breath enough to resume the downhill sprint all fundamentals are aligned with downward resumption federal deficits, trade gaps, expected lower rates and the biggee -- double dip recession evidence all over cars & housing lead into recession retraction the car hand has been totally played out the housing hand has been almost played out will another round of REFI's save housing? no way yet another round would only delay the inevitable, and probably intensify the severity of the RE decline's viciousness / jim

To: TheBusDriver who wrote (21167)	11/1/2002 5:33:11 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

TNX (10yr TrezYield) might be showing bullish signal stockcharts.com[h,a]daclyyay[dc][pb50!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G some items of note: 20MA is making a bullish cross now over the 50MA strong run from October 35.6 low enjoyed pullback here finding support from 50MA here at 39.5 somewhat early to tell if higher yields will be seen vague signal with RSI at midrange 50 daily stochastic is still dropping a momentum slingshot swing upward would have target 46-47 just worth a look though / jim